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  "documentTitle": "Legion Partners | Activist Presentation Deck | 168 slides",
  "authorId": "legion-partners",
  "authorName": "Legion Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-04-01 00:00:00",
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  "pageNumber": 9,
  "pageCount": 121,
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  "density": "dense",
  "nDataPoints": 1,
  "notes": "Includes a call-to-action question at the bottom.",
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      "kind": "callout",
      "text": "Where’s management’s comprehensive plan?",
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      "text": "Newly appointed directors do not appear to have the same level of requisite skills to oversee meaningful operational change. Reconstituted Board has not announced a new strategic plan and existing initiatives show little evidence of success. Our nominees have developed a plan that will ensure the right executives are in place to execute, prioritize initiatives and be held accountable.",
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      "text": "Under the current CEO, the Company’s operational performance is deteriorating at an accelerating pace and he must be removed immediately and replaced with a highly qualified and capable leader. In our view, the Board and CEO’s “plan” does not seem comprehensive enough to stem the tide of value destruction - at the current pace, the Company will have breakeven operating results within 3 years. Bed Bath’s turnaround requires a board that is engaged and brings direct retail experience and significant relevant skills to bear across every facet of operations to generate shareholder returns and improve Bed Bath’s long-term prospects.",
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      "text": "Our director nominees have been carefully selected for their expertise in: Customer-centricity, Retail operations and executional excellence, Effective marketing, branding and ecommerce, Sourcing, supply chain and private label, Cost cutting and optimizing real estate, Capital allocation, Corporate governance and creating shareholder value.",
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      "kind": "source-note",
      "text": "Source: Investor Group estimates",
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      "kind": "title",
      "text": "Material Board Reconstitution is Required",
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